August 29, 2024 @ 10:36 am By JD Alois  |  

Crypto launchpad Gems is reporting having raised $198 million to “unearth genuine gems in the Web3 landscape. The Israel based entity explained the money will be divvied up among its first three projects. The launchpad is said to bring together a huge network of investors,… Read More

August 29, 2024 @ 10:24 am By JD Alois  |  

In a working paper posted yesterday, the Bank for International Settlements (BIS) posted a treatise on Novel risks, mitigants and uncertainties with permissionless distributed ledger technologies (DLT). The executive summary of the paper is brief, explaining: “Banks that transact on permissionless blockchains or similar distributed… Read More

August 29, 2024 @ 8:27 am By JD Alois  |  

Liberis and Sezzle are collaborating on enabling access to financing for smaller firms. Liberis is a an embedded finance that aims to provide “hyper-personalized” access to capital. Sezzle is a BNPL or Buy Now Pay Later provider. Sezzle will now promote he LIberis service to its… Read More

August 28, 2024 @ 11:57 am By JD Alois  |  

German Bank Commerzbank has opened a representative office in Lithuania. According to a blog post on Invest Lithuania,  the representative office in Vilnius will serve as the hub for the Baltic States of Estonia, Latvia, and Lithuania. Commerzbank is said to be focusing on trade… Read More

August 28, 2024 @ 10:34 am By JD Alois  |  

Konvi, a “luxury assets fractional investment platform,” is now offering fractional investments of real estate in the UAE. According to a note from the firm, Konvi is pursuing a fractionalised investment model, enabling investors to own a piece of property assets for as little as… Read More

August 28, 2024 @ 7:37 am By JD Alois  |  

Is the market softening? LendInvest has reduced mortgage rates again—this time by 15 bps on a two-year fixed-rate product and 10 bps on a five-year loan. LendInvest said they were doing so to ensure they are offering a competitive product. At the same time, the… Read More

August 27, 2024 @ 4:25 pm By JD Alois  |  

DeFi firm MakerDAO has rebranded as Sky. In a release, Sky indicated that SubDAOs will now become “Sky Stars.” Sky has also released its new stablecoin, USDS, pegged to the US dollar. A New Sky.money website and app are expected to launch to provide a… Read More

August 27, 2024 @ 1:02 pm By JD Alois  |  

Sygnum Bank is a digital asset-focused financial institution that is based and regulated in Switzerland, supervised by the Swiss Market Financial Authority (FINMA). The company also holds a CMS [Capital Market Services license issued by the Monetary Authority of Singapore (MAS). Both of these jurisdictions… Read More

August 27, 2024 @ 11:02 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges and received an emergency asset freeze regarding a $60 million Ponzi scam. The SEC alleges that brothers Tanner Adam and Jonathan Adam, along with their firms GCZ Global LLC and Triten Financial Group LLC, told… Read More

August 27, 2024 @ 10:09 am By JD Alois  |  

According to a report published by Henley & Partners, the number of crypto millionaires worldwide is increasing. Their research shows that there are approximately 172,300 crypto millionaires worldwide, a 95% increase from last year. Wealthy Bitcoin holders are rising alongside that number as this sector… Read More

August 27, 2024 @ 8:48 am By JD Alois  |  

Switzerland-based VC firm redalpine has opened a new office in the UK while announcing a new $200 million fund. redalpine has backed some successful Fintechs in the past like Klarna and N26 among others. Founded in Zurich in 2007, redalpine also has offices in San… Read More

August 26, 2024 @ 5:27 pm By JD Alois  |  

Global crypto exchange and digital asset innovator Binance has received a letter of appreciation from the Organized Crime and Triad Bureau (OCTB) of the Hong Kong Police Force (HKPF). The letter was in recognition of their assistance in a kidnapping case. According to the letter signed… Read More

August 26, 2024 @ 4:23 pm By JD Alois  |  

Plutus Lending LLC, DBA Abra, has been charged by the Securities and Exchange Commission (SEC) with offering and selling a retail crypto asset lending product. Abra has settled the charges without admitting or denying them. Abra has consented to an injunction prohibiting it from violating the… Read More

August 26, 2024 @ 4:12 pm By JD Alois  |  

Shri Shaktikanta Das, Governor of the Reserve Bank of India, touched on multiple topics pertaining to Fintech at a global conference entitled Digital Public Infrastructure and Emerging Technologies. Digital Public Infrastructure (DPI) and Emerging Technologies are expected to shape the futures of all economies, said… Read More

August 26, 2024 @ 10:13 am By JD Alois  |  

Superchief Gallery has tokenized $5.1 million in the art, according to a note from the firm. Founded in 2012 in Brooklyn, New York, Superchief claims the title as the world’s first NFT gallery. The gallery has also worked with Christie’s and the first CryptoPunk auction…. Read More

August 26, 2024 @ 8:52 am By JD Alois  |  

The stablecoin market has “surged” to an all-time high. It is dominated by dollar-based stablecoins, and Tether is leading the pack with its USDt. The stablecoin market cap has now reached a record $168.07 billion, topping the previous high of $167 billion in March 2022. Tether reports that… Read More

August 26, 2024 @ 8:44 am By JD Alois  |  

The American Fintech Council (AFC) is continuing its expansion of members joining the advocacy group with Minnesota-based Stearns Bank. The bank was founded in 1912 with physical locations in Minnesota, Florida and Arizona. Stearns reports assets of around $3.2 billion. The bank is independently owned… Read More

August 23, 2024 @ 11:10 am By JD Alois  |  

“Real-time” fashion shopping platform Tilt has raised $18 million in a Series A funding round led by Balderton Capital. The company was founded by former Revolut executives, a successful banking Fintech. Other investors in the funding round include TQ Ventures, Earlybird and Seedcamp. Tilt claims… Read More

August 22, 2024 @ 4:28 pm By JD Alois  |  

Honeycomb Credit, a FINRA-regulated funding portal that enables smaller firms to raise growth capital, has launched Apps for iOS and Google Play – thus serving both iPhone and Android Devices. Honeycomb Credit enables small businesses to issue debt securities for growth capital. Recently, Honeycomb has… Read More

August 22, 2024 @ 4:15 pm By JD Alois  |  

Fintilect, a banking service provider serving both UK and US banks and other financial services firms, says it is now offering a new generation of “hyper-personalized banking solutions. The company claims that its platform will enable its clients to recognize and communicate with their individual… Read More